Corporate banking | Commercial banking | U.S. Bank (2024)
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Many professionals end up staying in corporate banking for the long term because it offers a nice work/life balance, reasonable advancement opportunities, and high pay at the mid-to-top levels.
Corporate banking refers to the aspect of banking that deals with corporate and other business customers. Commercial banks make loans that enable businesses to grow and hire people, contributing to the expansion of the economy.
For example, an analyst in investment banking can earn as much as $70,000 as their base salary. As an associate, your basic compensation would be $100,000. A Vice President would accumulate $250,000. Entry-level jobs in the corporate banking sector will pay you $30,000 to $40,000 per year.
The corporate banking division makes loans to corporations, while the commercial bank division makes loans to people and small businesses. The difference is that the loans that a corporate bank puts together are on a much larger scale.
Yes, GPA matters! Bulge bracket banks and almost all other investment banks will look at your GPA when applying for a job and you should include it in your resume. Typically banks screen resumes based on GPA and will often remove anyone below 3.5.
If you work in an investment banking division (IBD), or pretty much any other sector of financial services, you are likely spend a healthy part of your day dealing with career-related stress. The working hours, the responsibilities, the external pressures to deliver consistent compelling results – they all add up.
Corporate finance uses, more than anything else, a lot of math. The majority of it is quite simple, but it's still math, so corporate finance is particularly ideal for those who are numerically inclined.
Corporate finance jobs are more plentiful and less competitive than investment banking jobs. Corporate finance still offers an excellent career in business analytics and corporate culture to those who value their weekends, holidays, and evenings.
Some of the primary benefits of a job in corporate finance include: Stable career with relatively high salary and decent work life balance. The potential for career advancement.
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